$OGN falls below the 0.042 level; current price is 0.04174.
For key levels above and below, I generally look at three points:
① Hold: an intraday break doesn’t count. Only when the entire candlestick closes below 0.042 is it considered a valid breakdown;
② Retracement: when the price retraces to around 0.042, can it reclaim it? If it can’t reclaim it, then it’s considered a change in trend;
③ Volume: when it breaks down, is the volume enlarged? A low-volume breakdown is often fake.
#OGN
For reference only. Profit and loss are your own responsibility.
For key levels above and below, I generally look at three points:
① Hold: an intraday break doesn’t count. Only when the entire candlestick closes below 0.042 is it considered a valid breakdown;
② Retracement: when the price retraces to around 0.042, can it reclaim it? If it can’t reclaim it, then it’s considered a change in trend;
③ Volume: when it breaks down, is the volume enlarged? A low-volume breakdown is often fake.
#OGN
For reference only. Profit and loss are your own responsibility.